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18 Oct 2019
EUR/USD technical analysis: Euro rolls into the Asian session just below the 100 DSMA
- EUR/USD is clinging to multi-week highs just below the 100 DSMA as the market is entering the Asian session.
- The level to beat for buyers is the 1.1140 resistance.
EUR/USD daily chart
On the daily chart, the single currency is trading in a bear trend below the 100 and 200-day simple moving averages (DSMAs). However, this Thursday, the Fiber broke above the September high at 1.1110 and challenged the 100 SMA.
EUR/USD four-hour chart
The Euro is trading above the main SMAs, suggesting bullish momentum in the medium term. EUR/USD is clinging to monthly highs, hanging above September highs. A breakout above 1.1140 resistance could open the gates to the 1.1160 and 1.1191 resistances on the way up, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading above its main SMAs, suggesting bullish momentum in the near term. Support can be seen at the 1.1110, 1.1064 and 1.1041 price levels.
Additional key levels